Investments & Wealth Management
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Make It a Point to Put Your Future First
Each month, you settle down to pay bills. You pay your mortgage lender. You pay...
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November Market Recap
The Markets (as of market close November 30, 2023) Stocks rose notably in November following...
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IRS Releases 2024 Tax Brackets, Retirement Contribution Limits
While these taxes are not due for some time, it may benefit you to start thinking ahead.
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Aspects of your financial life to review as the year closes
The end of the year can remind us of last-minute things we need to address and the goals we want to pursue. Here are some aspects of your financial life to consider as this year leads into the next.
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Year-End 2023 Tax Tips
Here are some things to consider as you weigh potential tax moves before the end...
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October Market Recap
The Markets (as of market close October 31, 2023) Stocks declined for the third straight...
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2023 Quarter 3 Market Recap
The Markets (third quarter through September 29, 2023) The positive momentum of the first two...
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Estate Planning 101: What is Estate Planning?
Estate Planning involves setting up a plan that establishes who will eventually receive your assets....
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Navigating Retirement Pitfalls
Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and...
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August Market Recap
The Markets (as of market close August 31, 2023) August proved to be a tough...
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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